Stock Update (NYSE:F): Ford Motor Company Transit Sales Grow in September

Ford Motor Company (NYSE:F) Transit vans U.S. sales grew 6 percent last month with 10,799 vans sold. Overall Ford U.S. September sales totaled 204,447 vehicles, an 8 percent decline versus a year ago.

Retail sales declined 4 percent in September, with 162,327 vehicles sold for the month. Fleet sales of 42,120 vehicles, including daily rental, commercial and government segments, were down 21 percent, consistent with the company’s plan to front-load fleet sales this year. Sales to daily rental companies declined 36 percent for the month.

“We continue seeing strong customer demand, especially for vans and pickup trucks, including our all-new Super Duty,” said Mark LaNeve, Ford vice president, U.S. Marketing, Sales and Service. “Demand for a rich mix of our all-new Super Duty pickups helped boost Ford’s average transaction prices by $1,100 versus a year ago, outpacing the industry’s $400 average.”

September marked 2016’s best month for F-Series’ retail sales. Ford F-Series sales totaled 67,809 vehicles, a 3 percent decline. (Original Source)

Shares of Ford Motor closed last Friday at $12.07, up $0.10 or 0.84%. F has a 1-year high of $15.52 and a 1-year low of $11.02. The stock’s 50-day moving average is $12.32 and its 200-day moving average is $12.81.

On the ratings front, Ford has been the subject of a number of recent research reports. In a report issued on September 20, Buckingham Research analyst Joseph Amaturo downgraded F to Hold. Separately, on September 16, CLSA’s Emmanuel Rosner maintained a Buy rating on the stock and has a price target of $13.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Joseph Amaturo and Emmanuel Rosner have a total average return of 5.0% and 0.2% respectively. Amaturo has a success rate of 54.5% and is ranked #1493 out of 4197 analysts, while Rosner has a success rate of 20% and is ranked #2713.

The street is mostly Neutral on F stock. Out of 12 analysts who cover the stock, 6 suggest a Hold rating , 4 suggest a Buy and 2 recommend to Sell the stock. The 12-month average price target assigned to the stock is $14.40, which implies an upside of 19% from current levels.

Ford Motor Co. engages in the manufacture, distribution, and sale of automobiles. It operates through the Automotive and Financial Services business sectors. The Automotive sector operates through four business segments: North America, South America, Europe, Middle East & Africa, and Asia Pacific. The North America segment includes sale of Ford and Lincoln brand vehicles, service parts and accessories in North America. The South America segment involves sale of Ford brand vehicles and related service parts and accessories in South America. The Europe segment focuses on the sale of Ford brand vehicles and related service parts and accessories in Europe, Turkey, and Russia. The Middle East & Africa segment includes primarily the sale of Ford brand vehicles and related service parts and accessories in Middle East and Africa. The Asia Pacific segment concerns sale of Ford and Lincoln vehicles, service parts, and accessories in the Asia Pacific region. The Financial Services sector operates through Ford Credit and Other Financial Services segments. The Ford Credit segment provides vehicle related financing and leasing. The Other Financial Services segment includes a variety of businesses, including holding companies and real estate. 

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts